OPINION: Alaska can’t afford the oil industry’s sweetheart deal
This coming year Alaska will pay more to oil companies in “tax credits” than we receive in oil production taxes — for the third year in a row. It gets worse. The Department of Revenue forecasts that tax loopholes will provide Alaskans with no oil production tax revenue for the next decade — from any future oil fields, and from any fields that started after 2002. That’s a great deal if you can get it.
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